Deloitte sought two key changes to Byju's FY21 financials: Report

In the results, declared on Wednesday after a delay of over 18 months, Byju's recorded a revenue of Rs 2,280 crore. The loss for FY21 stood at Rs 4,500 crore

India's most valued unicorn, Byju's, made two key changes to its revenue before releasing the audited accounts for FY21. The changes were sought by its official audit firm, Deloitte, a report by Economic Times (ET) stated.  

The first change was the nature of revenue recognition. Earlier, if a two-year course was sold by Byju's, the whole payment was counted in the year of sale. However, Deloitte asked the edtech company to defer the payment over the period, the ET report said. 

In the results, declared on Wednesday after a delay of over 18 months, Byju's recorded a revenue